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Peter Lorimer

peter@plgestatesinc.com +1(310) 666-7383

$ 4,100,000

Est. payment | -/mo

29 Beds

19 Baths

17,241 SqFt

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$ 4,100,000

Est. payment | -/mo

Save

29 Beds

19 Baths

17,241 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 17,241 sqft

Price per Sqft $237

MLS Listing ID 25630389

Bedrooms 29

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1963

Lot Size 0.289 Acres

Property Description

2405 W. 18th Street is a compelling multifamily investment opportunity characterized by large units, an excellent unit mix, and strong in-place cash flow. The property is located in a high-demand Los Angeles rental pocket benefiting from consistent tenant demand and limited competing supply. The property features a desirable unit mix of ten (10) two-bedroom units and nine (9) one-bedroom units, offering larger-than-average floor plans that appeal to long-term renters. The balanced mix and generous unit sizes provide durability across market cycles and position the asset favorably for sustained occupancy and rent growth. From an investment standpoint, the property is offered at an exceptionally low price per square foot of approximately $238 with strong in-place cash flow metrics, including a 10.25 GRM and a 5.92% capitalization rate. Additionally, the property offers approximately 29% upside in rents and potential to add accessory dwelling units (ADUs) pursuant to Senate Bill 1211, subject to buyer verification. The attractive going-in yield supports favorable purchase financing and provides investors with immediate income alongside meaningful long-term upside.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Assigned, Covered, Carport, Private

Pool None

View Y/N Yes

View City Lights

Total Parking Spaces 19

Private Pool No

Building

Faces East

Story 3

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5073015011

Security Features Carbon Monoxide Detector(s),Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

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+1(310) 666-7383

peter@plgestatesinc.com

2405 W 18th ST Los Angeles, CA 90019

Peter Lorimer

Key Details

Location

Interior

Exterior

Building

Others

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2405 W 18th ST